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Input credit -reg.

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(Querist)
13 February 2013 Hi,

My company purchases a one commodities Rs.12000/- @ 4% Vat and same sold Rs.10000 @ 4%.
Whether we will take input credit Rs.480 or 400.
Please advise us
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Prashanth

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Prashanth (Expert)
14 February 2013 Hello,

Take the credit which is showing on the PURCHASE INVOICE.
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Sridharan

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Sridharan (Querist)
14 February 2013 Thanks prashanth,

I need notification or case study, please help us....
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